With the help of their adviser, they have all of their estate documents up to date including a living trust that is properly funded (living trusts are often not properly funded rendering them useless), they have long-term care insurance, a very healthy nest egg, their pensions continue so long as either spouse is alive, soon they’ll both have Medicare and all the parts of the formula for a comfortable retirement.

Recommendations

Investor behavior is one of the most important predictors of financial success.

According​ ​to a​ ​2014 Bloomberg study,​ ​the​ ​average​ ​investor​ ​received only 2.5 percent between 1985 and 2014 on their investments when almost any index, even inflation, would have been higher.

I​ ​advise​ ​Walt​ ​waits​ ​until​ ​age​ ​70​ ​to​ ​claim​ ​his​ ​Social​ ​Security. ​The​ ​difference​ ​between​ ​age​ ​66 and​ ​age​ ​70​ ​is​ ​equivalent​ ​to​ ​an​ ​8 percent ​rate​ ​of​ ​return​ ​and meaningful but not understood by most people. ​Social​ ​Security will​ ​also​ ​factor​ ​in​ ​cost​-of-living​ ​increases based upon the higher amount. Based on Gail’s PERA numbers she will be entitled to a spouse’s benefit on Walt’s record, too. This is because two-thirds of her PERA is less than 50 percent of Walt’s age 66 benefit.​​ The widow’s benefit down the line is potentially 100 percent of whatever Walt is entitled to at the time of death, offset by two-thirds of her PERA.​

Casey Neistat admits that the logistics of running a business isn’t his speciality. Instead, he shared with Denver Startup Week audiences how he went from high school dropout to an HBO show, a New York Times partnership and later, an app that got started while on a fellowship at the Massachusetts Institute of Technology.

Twitter is defending its decision not to remove a controversial tweet by President Donald Trump on Saturday that targeted North Korea, in a six-tweet response to critics who argued that Trump violated the platform’s rules.